Hungary interested in joining Southern Gas Corridor

Hungary interested in joining Southern Gas Corridor

Baku, Azerbaijan, March 29

By Azad Hasanli - Trend:

Hungary is interested in joining the Southern Gas Corridor, Hungarian Minister of Foreign Affairs and Trade of Hungary Peter Szijjarto said at a meeting with the Azerbaijani Minister of Energy Parviz Shahbazov in Hungary, Trend reports referring to the Energy Ministry of Azerbaijan.

The minister informed the Azerbaijani side about Hungary’s gas needs, the current energy supply situation and plans to diversify gas sources.

The meeting participants discussed the implementation of the Southern Gas Corridor project, the prospects for its expansion, the increase in throughput at the next stage and the gas fields under development.

Creating a working group as part of the intergovernmental commission for the development of cooperation in the energy field was proposed during the meeting

The sides also discussed cooperation in other areas, as well as energy security issues.

The project Southern Gas Corridor envisages the creation of a pipeline infrastructure for the transportation of Azerbaijani gas to Europe via Turkey, which is produced as part of the development of the Shah Deniz-2 field.

The main components of the project are: Shah Deniz-2, expansion of the South Caucasus pipeline Baku-Georgia-border with Turkey, construction of the Trans-Anatolian gas pipeline (TANAP) from the eastern to the western border of Turkey and the Trans-Adriatic gas pipeline connecting Greece, Albania and the Adriatic Sea in southern Italy.

Supplies of Azerbaijani gas to Europe are expected in early 2020 in the amount of 10 billion cubic meters. In addition, six billion cubic meters of Azerbaijani gas will be supplied to the western regions of Turkey. Deliveries to Turkey began in the summer of 2018.

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Follow the author on Twitter: @Hasanli_Azad

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